Bitcoin has been one of the biggest names in the history of the cryptocurrency market. The company has been there from the time crypto has been there. BTC has gone through a lot of ups and downs and has emerged as one of the biggest giants in the crypto market. Not only have they made significant growth to their company revenue, but they have also played a significant role in making a lot of people aware of the concept of cryptocurrency and the crypto market.
They invoked interest in the entire market inside millions of investors and made the market flourish on a worldwide basis. Unfortunately, the market has been falling apart in the recent past. The recent few months have been one of the darkest phases of the crypto market. The entirety of the market has plunged into darkness. Most of the companies have faced significant losses during this period.
Prominent companies like Coinbase have declared themselves bankrupt while Coinflex has recently announced about cutting down on their employees due to the recent loss. The biggest names in the market, Ethereum and Bitcoin have also witnessed their shares go down the drain. To make matters even worse, the market share of Bitcoin has gone down to a record low. Let us learn more about the story in detail below.
Bitcoin Falls Below $20k
Bitcoin has been pegged back significantly once again. The company has been experiencing a rough ride recently. However, they were optimistic about making a strong comeback. To all the investor’s utter dismay, the price of the coin has fallen below the $20k mark. This is a record low for the company that made thousands of dollars in the past few years.
Such a downward trend of Bitcoin have concerned their consumers considerably. They are now skeptical about investing any further in the company. It will be interesting to see which way the story goes.